Andra AP fonden Purchases 13,300 Shares of American Express Company $AXP

Andra AP fonden grew its holdings in American Express Company (NYSE:AXPFree Report) by 19.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 81,948 shares of the payment services company’s stock after purchasing an additional 13,300 shares during the quarter. Andra AP fonden’s holdings in American Express were worth $27,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Gratus Wealth Advisors LLC boosted its stake in American Express by 0.8% in the third quarter. Gratus Wealth Advisors LLC now owns 3,712 shares of the payment services company’s stock valued at $1,233,000 after acquiring an additional 28 shares during the last quarter. Murphy & Mullick Capital Management Corp lifted its stake in shares of American Express by 10.0% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 308 shares of the payment services company’s stock valued at $105,000 after purchasing an additional 28 shares during the period. McGlone Suttner Wealth Management Inc. boosted its position in shares of American Express by 1.0% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 2,910 shares of the payment services company’s stock worth $967,000 after purchasing an additional 29 shares during the last quarter. Walkner Condon Financial Advisors LLC grew its stake in shares of American Express by 2.1% during the third quarter. Walkner Condon Financial Advisors LLC now owns 1,378 shares of the payment services company’s stock worth $458,000 after purchasing an additional 29 shares during the period. Finally, Sandy Cove Advisors LLC increased its holdings in American Express by 2.1% in the third quarter. Sandy Cove Advisors LLC now owns 1,462 shares of the payment services company’s stock valued at $485,000 after purchasing an additional 30 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

AXP has been the subject of several analyst reports. Credit Suisse Group set a $328.00 target price on American Express in a research report on Monday, January 12th. Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $425.00 target price on shares of American Express in a research note on Monday, January 12th. Truist Financial cut their target price on shares of American Express from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Finally, Evercore set a $393.00 price target on shares of American Express in a report on Tuesday, February 10th. Nine analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $352.73.

Read Our Latest Research Report on AXP

Key Stories Impacting American Express

Here are the key news stories impacting American Express this week:

Insider Buying and Selling at American Express

In other American Express news, insider Ravikumar Radhakrishnan sold 15,000 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $356.58, for a total transaction of $5,348,700.00. Following the sale, the insider directly owned 8,945 shares of the company’s stock, valued at $3,189,608.10. The trade was a 62.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Denise Pickett sold 23,385 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $356.91, for a total transaction of $8,346,340.35. Following the transaction, the insider owned 7,754 shares of the company’s stock, valued at approximately $2,767,480.14. This represents a 75.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 73,944 shares of company stock worth $26,114,366. Company insiders own 0.20% of the company’s stock.

American Express Stock Performance

AXP opened at $335.37 on Friday. The company has a market capitalization of $230.27 billion, a price-to-earnings ratio of 21.79, a P/E/G ratio of 1.38 and a beta of 1.14. The business’s 50-day moving average price is $359.78 and its two-hundred day moving average price is $348.92. American Express Company has a 1 year low of $220.43 and a 1 year high of $387.49. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.59 and a quick ratio of 1.58.

American Express (NYSE:AXPGet Free Report) last posted its quarterly earnings data on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). American Express had a return on equity of 33.49% and a net margin of 15.00%.The firm had revenue of ($17,139.00) million for the quarter, compared to the consensus estimate of $18.91 billion. During the same quarter in the previous year, the business posted $3.04 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd were issued a $0.82 dividend. The ex-dividend date was Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. American Express’s dividend payout ratio (DPR) is 21.31%.

American Express Profile

(Free Report)

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.

See Also

Institutional Ownership by Quarter for American Express (NYSE:AXP)

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